Building on top of its first-quarter success, big-box retailer Tractor Supply (NASDAQ: TSCO) blazed a trail for ongoing growth by beating analyst estimates at both the top and bottom lines during the second quarter.
The company benefitted from a spring boost with favorable weather that had customers buying gardening and outdoor supplies and equipment, and kept up the momentum into early summer, crowning its results with improved fiscal 2021 guidance. Though the stock market responded to the report by bidding its stock price down on Monday, Tractor Supply's results look bullish.
Here are three major points in the earnings report that are worth a closer look.
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Tractor Supply Is Still Building Traction: 3 Top Q2 Results Takeaways